Oil prices rebounded on Wednesday as markets questioned whether the International Energy Agency's (IEA) reported plan for a record release of oil reserves would be enough to counter potential supply shocks from the U.S.-Israeli conflict with Iran.
Brent futures traded up $3.52, or 4%, at $91.32 a barrel by 0922 GMT. U.S. West Texas Intermediate (WTI) traded $3.69 higher, or 4.4%, at $87.14 a barrel.
Both contracts extended losses in early Asian trade, after plunging more than 11% on
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